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we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the high end. and the american people know that debate, they voted for him. >> warner: still, despite all the tough talk, reporter todd zwillich of wnyc and public radio international says there's more movement behind the scenes than meets the eye. >> there does tend to be a pattern to how big negotiations like this go. the fact that they haven't reached an agreement yet doesn't mean they won't before christmas, doesn't mean they won't before new years. there is a value in doing some public posturing and trying to ge
we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the...
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at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for y
at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around...
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bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. everything about the oral-b power brush is simply revolutionary. our unique brush head cleans in three directions with up to 50% more brush mo
bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was...
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why double tax capital? anyway, thank you, danielle hughes, we appreciate it. >>> there is a major stir tonight over a cartoon narrated by actor ed asner. check it out. >> over time, rich people decided they weren't rich enough, so they came up with ways to get richer. the first way was to tax cuts. they said why should i care about other nonrich people? >> all right, this here is just an attack on free enterprise. shame on mr. asner, who's a good actor. it's an attack on success. it's an attack on capital itch. it's also an attack on good taste, although we didn't show the most vulgar part. where does a successful actor like this get off saying this kind of thing? what does he know about capitalism anyway as he makes his bucks, and by the way, this entire cartoon was sponsored by the teachers union. what a shocking surprise there. they, too, higher taxes on the rich, knock down free market capitalism, go up against free enterprise. you know, when is this left wing stuff going to end? i guess the answer is n
why double tax capital? anyway, thank you, danielle hughes, we appreciate it. >>> there is a major stir tonight over a cartoon narrated by actor ed asner. check it out. >> over time, rich people decided they weren't rich enough, so they came up with ways to get richer. the first way was to tax cuts. they said why should i care about other nonrich people? >> all right, this here is just an attack on free enterprise. shame on mr. asner, who's a good actor. it's an attack on...
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i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax
i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so...
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timothy geithner's confirmation for treasury secretary when it came out he failed to pay some of his taxes and not only that this is what he said when he was asked if he'd use software to prepare his returns i did or you did or gary which brings. only answer the questions are what i want these are my responsibility not to not to touch off your responsibility but i used. my returns. and got a lot of play we still remember it so well so high level cabinet positions get plenty of attention but in the less sexy less talked about world inhabited by financial regulators the senate confirmation process can create a litany of problems too as former f.d.i.c chair sheila bair points out in her book by statute the heads of all major financial regulatory agencies have to be confirmed by the senate which often amounts to no official leadership for long periods of time or leadership that just stressed out not functioning well because the confirmation is hanging over their head and just for some examples to give you context so after obama was nominated to his first term despite the fact that fannie and f
timothy geithner's confirmation for treasury secretary when it came out he failed to pay some of his taxes and not only that this is what he said when he was asked if he'd use software to prepare his returns i did or you did or gary which brings. only answer the questions are what i want these are my responsibility not to not to touch off your responsibility but i used. my returns. and got a lot of play we still remember it so well so high level cabinet positions get plenty of attention but in...
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but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next
but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other...
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or federal tax. rate compensated up to forty percent of the way do you think. we'd. be. here in everything all of the general work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on the. web site they to partner up with private firms now last year unicorns revenue reached nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are traded on that york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to spend in order to keep. large prison populations and h
or federal tax. rate compensated up to forty percent of the way do you think. we'd. be. here in everything all of the general work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five...
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if we can bridge the fiscal cliff and get a comprehensive tax reform and entitlement reform, you would see a market significantly higher. tracy: we have had some earnings that look positively dismal. it is a very big pricey discretionary product, but they miss earnings, that is a real fundamental, isn't it? speak we still have the s&p profit growth that is positive. you cannot continue to have double-digit earnings growth as he diyou did for 10 consecutive quarters. if we get through this cliff in the back half of 13, gdp growth rate accelerates as we anticipate and profit growth as well. tracy: if your liking big multinationals, you don't like europe yet you like the multinationals. help me wrap my mind around that. >> u.s. large caps are cheap, most of those in mall to nationals. but they don't deserve to be cheap. it is going to be a while before you get any sustained growth. you can't make that case the multinationals. it is relatively speaking a small part. the big part of the global exposure is the emerging markets. tracy: you obviously are very bullish equity sky. you have to be
if we can bridge the fiscal cliff and get a comprehensive tax reform and entitlement reform, you would see a market significantly higher. tracy: we have had some earnings that look positively dismal. it is a very big pricey discretionary product, but they miss earnings, that is a real fundamental, isn't it? speak we still have the s&p profit growth that is positive. you cannot continue to have double-digit earnings growth as he diyou did for 10 consecutive quarters. if we get through this...
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instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a crazy idea. i'm amazed that secretary geithner had the courage to float that yesterday. hence the laughter from senator mcconnell. that's the kind of response it deserves. >> they are laughing in public, but they are panicking behind closed doors. conservative writer matt lewis, writer for "the daily caller", the notion that republicans have leverage is silly. it's the same kind of happy thinking that led to some boldly-predicting a romney victory. he said republicans are so screwed. this is why president obama is playing to his strengths. the president has never had a problem rallying the american people to h
instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a...
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you may lose the tax deduction there. that will definitely hit the top percent of americans, and that's a concern because it's a lot of small business owners. >> let's talk about the other immensely popular deduction, and this is the mortgage deduction. >> this is a heated one. this is very heated. here's the thing. if you're looking at your interest that you're paying, up to a million dollars of that is deductible. second homes, the interest is deductible. home equity loans, the interest is deductedible. now, that's been around since the teens. the ability to do that. so here's the thing, though. only one in four homeowners actually take this deduction. >> really? >> yes. right. people aren't really surprised because most homeowners actually don't necessarily qualify for it because they don't pay enough in interest. >> or they don't itemize? >> they don't itemize, exactly. so at least 25% to 30% of those folks, however, make less than $100,000. so these folks will get very hit by this. if they can phase it in, that will
you may lose the tax deduction there. that will definitely hit the top percent of americans, and that's a concern because it's a lot of small business owners. >> let's talk about the other immensely popular deduction, and this is the mortgage deduction. >> this is a heated one. this is very heated. here's the thing. if you're looking at your interest that you're paying, up to a million dollars of that is deductible. second homes, the interest is deductible. home equity loans, the...
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over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get
over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my...
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and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire people. they may likely buy another kind of rig or a toy or something like that. i don't know. but all i know is one thing, you can't cut -- you can't cut spending away out of this hole, you can't tax your way out of this hole and you can't grow your way out of this hole. you have to have everything. have to have it. >> well, grover norquist was at a political playbook breakfast with mike allen, we'll talk to mike in a few moments, here's norquist talking about what he calls impure thoughts. i think that has something to do wit
and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire...
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now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you with a deal, do not vote to raise taxes a cent. don't do it. don't do it. you'll get beaten and washington will spend that money and they won't cut again and the deficit will be $18 trillion a couple of years from now. okay. now go ahead. >> why the conversation to some extent isn't about phrases like disciplined investment. mark's exactly right. it's all about, we're going to make the rich pay. and the fair share gets close to that. but it's always about what we're going to raise. the first part of the conversation is taxes going up. and i think people are willing t
now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you...
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our conversation in washington we talk about it being a tax event and only tax event. but the impact on unemployed people will be dramatic. the impact on those americans who don't pay a lot of income tax but benefitting from the extra two points of payroll relief, may not be dramatic but noticeable. this country could go into a recession. what's going on in this discussion is richard nixon's old madman theory, each side trying to persuade the other that it's just crazy enough to blow up the world. >> erick, quickly, you say it's better to go over the cliff than accept what the president's offered? >> yeah. i absolutely think so. the republicans unfortunately for people like me are willing to raise taxes to the tune of $800 billion. the democrats want to argue with them over the mechanism. and it's the mechanism that would hurt small businesses. the republican negotiating hand winds up being a little better on the other side. the fiscal cliff is the maximum of what ghkts want. you've got howard dean saying we need to raise taxes on everybody, not just the rich. steny ho
our conversation in washington we talk about it being a tax event and only tax event. but the impact on unemployed people will be dramatic. the impact on those americans who don't pay a lot of income tax but benefitting from the extra two points of payroll relief, may not be dramatic but noticeable. this country could go into a recession. what's going on in this discussion is richard nixon's old madman theory, each side trying to persuade the other that it's just crazy enough to blow up the...
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that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that you can't get to the 1.6 trillion that the president is trying to ask for. >> and republican math said that mitt romney was going to be president. >> now, that's a different dynamic. look, if you talk to other republicans, there were some other republicans that perhaps didn't have that level of confidence there but, again, i want to go back to this point. >> real quickly, david. we're out of time here. >> the fact is, the president and tim geithner have willfully taken a position that, in fact, in terms of generating revenue that there's only one way to generate revenue and that's through raising taxes and the president has b
that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that...
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an officer gets 500 euros a month less before tax. there have been few promotions. discontent among the ranks is growing. some of their leaders are putting a brave face on it. >> of course we have had cuts. but the naval infantry's task is to face difficult missions, so we will manage this situation as well. >> portugal's military has long been an important part of the country's history. on april 25, 1974, this song was played on the radio. it was the signal for the army to occupy lisbon, and the largely peaceful uprising marked the end of nearly 15 years of dictatorship. in all their joy, portuguese people pressed red carnations into the hands of soldiers. this lieutenant colonel played an active role in the carnation revolution. today, he is chairman of the 25 of april association, a group that aims to defend the legacy of the peaceful coup of 1974. he says the military brought democracy to portugal then, but the crisis has put it all in jeopardy. >> i regret what is currently happening. we have achieved a fair society, and now that is being destroyed. we are reve
an officer gets 500 euros a month less before tax. there have been few promotions. discontent among the ranks is growing. some of their leaders are putting a brave face on it. >> of course we have had cuts. but the naval infantry's task is to face difficult missions, so we will manage this situation as well. >> portugal's military has long been an important part of the country's history. on april 25, 1974, this song was played on the radio. it was the signal for the army to occupy...
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taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all right. so, but then to get those tax hikes, what does lou dobbs want as far as spending cuts? >> well, you know, first of all i wouldn't negotiate in the
taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is...
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who wants to start a business without knowing what the capital gains tax will be, tax code rate. plus the whole office supply industry has been shrinking for awhile, not just office max but office depot, and even best of breed staples, as companies shifted away from using lots of paper towards digital solutions like apple ipads. meanwhile there's not that much demand for the technological devices some of the companies sell which have become increasingly commodized. think personal computers. just witness the hideous performance of best buy. despite all these big perceived big picture, office max has been rallying like crazy. stock has run up 122% for year. yes, 122%. and it's fallen from 4.26 from the beginning of august to nearly $10. right now where the stock is less than a point off its 52-week high. is that -- well what the heck, right? five months ago this stock had been left for dead. but now somehow office max has managed to find new life and become a monster good performer. just when you expect the company to be take it on the chin. what the heck is really happening at thi
who wants to start a business without knowing what the capital gains tax will be, tax code rate. plus the whole office supply industry has been shrinking for awhile, not just office max but office depot, and even best of breed staples, as companies shifted away from using lots of paper towards digital solutions like apple ipads. meanwhile there's not that much demand for the technological devices some of the companies sell which have become increasingly commodized. think personal computers....
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tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fiscal cliff. oracle taking it a step further. moving up three dividend payments before the end of the year. fo
tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is...
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they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots the p.r.p. interviews intriguing story for you to. see arabic to find out more visit arabic t.v. dot com. explain. these continues here at r.t. the hague tribunal for war crimes has acquitted kosovo's former prime minister and his aides for a second time. was facing numerous charges of murder and torture of serbs in the war yugoslavia at the end of the one nine hundred ninety s. international criminal defense lawyer. michael. says bias was built into the hague tribunal system from the very start. i think by and large this tribe you know. more or less th
they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's...
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and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it easy. she looks great. martha: poor thing. you are leaving the hospital. you have got to do your hair and smile for the cameras when you feel lousy. bill: what a media frenzy this has been already. it's just the beginning. england has that to watch all over the kingdom. martha: we are just getting started. lots going on. a new green energy project funded by you the taxpayer. did you know you are one of the prime investors in a new electric car battery? bill: there are new concerns about a north korean rocket launch any day. a top u.s. commander labeling it very dangerous. what is the u.s. doing i
and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it...
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Dec 3, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hund
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s...
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with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special report iraq. issues that so much of the huge musician. market revolutionary dictator in the making president mohammed morsi is presidential decree spreading in wide powers has reopened the debate about. live . live . live. live live. live. live live live . more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.
with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special...
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Dec 5, 2012
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code, tax expenditures. that is spending through the tax code. and it picks a favored and connected groups to get preferential tax treatment over others. >> like homeowners. >> like corporations. >> crony capitalism is just as bad -- >> well, it goes back to andrew jackson's veto of the -- what he talked about was people cutting their own private deals and he's absolutely right. >> and leading arthur brooks, whoever you pick, they make that point. the crony capitalism is just as -- >> it's what democracy does. until it gets so bad. people get so angry, they gain control. shareholders don't really have control of corporations, until they do. and it's the same thing in democracy. >> tell me why i'm wrong about this and i've said it a lot. if you get government to the point where it's 25% of gdp, and you know full well it's bloated and overspending, i don't think you decide how to pay for that. you don't say, okay, i'm going to get the revenue side up. i think you immediately start on the 25. and knowing that b
code, tax expenditures. that is spending through the tax code. and it picks a favored and connected groups to get preferential tax treatment over others. >> like homeowners. >> like corporations. >> crony capitalism is just as bad -- >> well, it goes back to andrew jackson's veto of the -- what he talked about was people cutting their own private deals and he's absolutely right. >> and leading arthur brooks, whoever you pick, they make that point. the crony...
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Nov 28, 2012
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would be or a sense of what -- big taxes -- what dividend taxes would be. largely because we are accountable, not to you and i but accountable to a huge number of shareholders and -- >> including unions and endowments and including a public university endowments et cetera, but i do think there is a big and legitimate argument they're making about certainly and if they got it, then i think your argument is spot-on. congress and the government is given certainty. >> get over it. get moving. >> if there was one word that defined the top companies, the top leadership you're talking about, boardrooms over the last two years, it was uncertainty. we all heard it. uncertainty. uncertainty -- well, guess what, there's going to be certainty now and that's good. >> we need demand on top of that because then they need the actual business to come back and starting to see that. if you look at what happened over the thanksgiving weekend. black friday sales were strong almost everywhere. everybody is expecting it to be a great holiday season. >> you're not good at math? >>
would be or a sense of what -- big taxes -- what dividend taxes would be. largely because we are accountable, not to you and i but accountable to a huge number of shareholders and -- >> including unions and endowments and including a public university endowments et cetera, but i do think there is a big and legitimate argument they're making about certainly and if they got it, then i think your argument is spot-on. congress and the government is given certainty. >> get over it. get...
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Dec 1, 2012
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businesses aren't waiting for a deal, they're rewarding shareholders with special dividends ahead of higher taxes in 2013. >> susin
businesses aren't waiting for a deal, they're rewarding shareholders with special dividends ahead of higher taxes in 2013. >> susin
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we bestow one of them tax-exempt status. why isn't christianity a religion? >> christianity is not an organized religion. a church that can be imposed. christianity is a philosophy. you don't have to believe jesus is god in order to admire his view on life. >> jon: no. but you have to believe jesus is god to be a cristian. for instance, i like a lot of jesus' philosophy. love your neighbor. a little cheek turning. stone not casting. it's very nice. but while i can get an "a" in his philosophy class, i don't get to go to the after party. you get what i'm saying here? so you want to do this at my place or your place because [bleep] we'll be right Ñw ( cheers and applause ) >> jon: welcome back to the show. as we all know, of our congress' two houses the lower house the house of representatives is a dumping ground for morons at which any [bleep] can get elected. to get electedded to the upper house you have to be among this nation's most reasoned and revered [bleep]. who keep voting year after year to continue what are known as the rules of the senate. >> y
we bestow one of them tax-exempt status. why isn't christianity a religion? >> christianity is not an organized religion. a church that can be imposed. christianity is a philosophy. you don't have to believe jesus is god in order to admire his view on life. >> jon: no. but you have to believe jesus is god to be a cristian. for instance, i like a lot of jesus' philosophy. love your neighbor. a little cheek turning. stone not casting. it's very nice. but while i can get an...
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Dec 5, 2012
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they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hear your thoughts, your concerns and i want to be your voice in
they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >>...
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Nov 28, 2012
11/12
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the problem isn't that we tax too little, we spend too much. >> greta: the democrats wanted the taxes to go on the rich, those over $250,000, and we still have the structural problem in that it doesn't solve the problems. it solves the problems for eight or nine days. do they say anything about that? >> no. if you raise taxes, they think you'll get more revenue, $68 billion, which actually funds the government for less than a week, but you give all that revenue back in the form of lower economic growth. i mean, you're going to lose growth in the economy. that's what generates more government revenue, is more economic growth. >> greta: even if you give them that money, still you only fund eight days. if you let them tax the rich, you still only have eight days, still have the same infrastructure and same sort of economic structure of our country unless we do something about it, we're cooked. >> right. we can't -- republicans cannot be for anything that doesn't involve entitlements. you've got to reform entitlement programs. that's got to be on the table. so far the president has been u
the problem isn't that we tax too little, we spend too much. >> greta: the democrats wanted the taxes to go on the rich, those over $250,000, and we still have the structural problem in that it doesn't solve the problems. it solves the problems for eight or nine days. do they say anything about that? >> no. if you raise taxes, they think you'll get more revenue, $68 billion, which actually funds the government for less than a week, but you give all that revenue back in the form of...
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Nov 28, 2012
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they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a second recession. 2 million unemployed and wrecked second term. that is the leverage that republicans have over obama. it's utterly unacceptable. >> bret: to kirsten's point, some republicans are talking about raising the age of medicare, means testing. put a lot of ideas out there. nothing on paper. they are not hammering it out, it doesn't seem, behind closed doors unless we don't know it's going on, steve. >> no, it's not. >> bret: let me play this thing, this sound bite. yesterday we put in a piece. i want to play more of it. this is a question and answer by senator reid about
they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a...
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that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...
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he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes are going up on the rich, that in fact some of those spending cuts to bring down the debt will actually materialize. it might make it more likely to go of 00 cliff even though the president insisted today he thinks there will be a deal within weeks, shep. >> shepard: as for extending tax cuts for middle class americans it sounds like there is some agreement on that matter. >> it
he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are...
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Nov 30, 2012
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tax rates. that's the democrats' leverage. our leverage, in my view, are spending cuts. the democrats don't want any domestic spending cuts. they're going to happen if there's not a deal. he doesn't want any more defense cuts either. >> by way of context, house speaker john boehner came out, has come out and said, look, we are not in support of what tom cole is saying. tell me why the republican house conference doesn't think that's a smart strategy? >> first of all, great respect for representative cole. he is a very fine man and he is a very good thinker as well, but i don't agree with him either on this one. we know that the proposal by the president is going to hit 1 million small business owners. ernst and young has told us 700,000 jobs because of that. that doesn't help the middle class at all. and this is very important we do protect the middle class and this is not the way to do that. stop just talk iing about taxes only. here's the thing. if you just look at what the president wants to
tax rates. that's the democrats' leverage. our leverage, in my view, are spending cuts. the democrats don't want any domestic spending cuts. they're going to happen if there's not a deal. he doesn't want any more defense cuts either. >> by way of context, house speaker john boehner came out, has come out and said, look, we are not in support of what tom cole is saying. tell me why the republican house conference doesn't think that's a smart strategy? >> first of all, great respect...
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the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody won over there. martha. martha: wow, well, you know we'd lick to her a good story. if you have a good story about winning the lottery and everything turning out really well, let us know. >> reporter: i would have shared. i would have shared. martha: thank you, adam. we'll see you soon. bill: thank you, adam. if you're watching us right now you probably didn't win. you'd be out answering the phone or having a good party. martha: first thing i would do is watch "america's newsroom" if i won. bill: okay that's it. the odds of winning, space junk falling to earth and hitting one person, one in 3200.
the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> well, move over cheetos, the new snack for the vending machine, ckavycavier, and you probably guessed it will take a little more than 75 cents to get this treat. prices range from $12, okay, possibly reasonable, to $500, a little less so. >>> well, bankruptcy judge has officially given hostess the go ahead to pay out bonuses to its senior executive. the company is liquidating almost 20,000 people losing their jobs. the executives are getting bonuses. how does that -- i'm not good at math, but how does that work? >> it doesn't quite seem fair, does it? but that's exactly what one new york court has sort of ruled on and the bonuses range from about $7,500 to $130,000 and it's only
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> well, move over cheetos, the new snack for the vending machine, ckavycavier,...
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s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality pro
s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third...
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Dec 2, 2012
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if taxes only mean the tax, the income tax portion of tax burden for four-fitz four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the country. >> all right, your paycheck, your investment, your home, they may all be taxed a bit differently next year. not just income tax. that's if law makers can decide on a plan to avoid the fiscal cliff. so coming up next, i'm going to talk about a deduction that america loves, you probably love, but might be taken away. who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken loans is engineered to amaze. ♪ a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition
if taxes only mean the tax, the income tax portion of tax burden for four-fitz four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the country. >> all right, your paycheck, your investment, your home, they may all be taxed a bit differently next year. not just income tax. that's if law makers can decide on a plan to avoid the...
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Nov 29, 2012
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versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the m
versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every...
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Dec 6, 2012
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christine lagarde, now the imf chief, pastelist to her greek counterpart of people who were evading taxes, but -- passed a list to her greek counterpart of people who were evading taxes, but it was never pursued. >> politicians and officials are taking bribes, even as austerity programs continue. >> earlier, i spoke to the research head at transparency international. i asked which country had made the most progress in the last year at overcoming corruption. >> it is difficult to single out individual countries. what we want to focus on is the countries that stay at the top of our index. we have the scandinavian countries, countries like new zealand, where the commitment access to information, to the justice system working, to open budgeting, are long standing. the government show a long-term commitment. we have seen countries like nepal and sunoco and ivory coast move up from a very low level to higher levels -- and set a goal p-- and senegal and ivory coast move up from a very low level to higher levels. >> is there no improvement in burma? >> countries at the bottom of the list are real
christine lagarde, now the imf chief, pastelist to her greek counterpart of people who were evading taxes, but -- passed a list to her greek counterpart of people who were evading taxes, but it was never pursued. >> politicians and officials are taking bribes, even as austerity programs continue. >> earlier, i spoke to the research head at transparency international. i asked which country had made the most progress in the last year at overcoming corruption. >> it is difficult...
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Nov 28, 2012
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i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive from economic growth and -- >> speaker boehner and republicans are reaching out to the administration. speaker boehner has said we'll put revenue on the table, not through higher tax rates but through closing loopholes and limiting deductions. that accomplishes exactly what the administration has demanded. >> but that means somebody's taxes will go up. >> sure. >> if you close loopholes an deductions. >> we'll make sure rates don't go up so you don't impact small businesses or middle class americans who obviously are struggling to get going and get back to work and get our economy going.
i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive...
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government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that traditionally certain things are not included in the modeling of the economy and it goes back to what people's definition of money is bring that back again because in your definition of money you include things like debt i include the capacity of the private banking sector to create money by creating debt independent of what the central banks rossiter the control them right so that's fundamentally different than what the economist on the page of the new york times well you know when he had that ridiculous slanging match with me on the on the internet at one stage claimed that even though banks carry al
government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that...
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Nov 30, 2012
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>> i think most people aren't focused on this, the payroll tax holiday will expire, so that's a 2% tax increase. but i don't think most people even realize they got the tax cut and it's one of the reasons why it will go away because policymakers aren't getting any credit for it. >> so if we they mathematically it will be a hit to gdp, is it going to be something that the economy gets knocked off course is this>> i think the final deal will have fiscal drag in it. the expiration of the payroll tax holiday will be part of that. emergency unemployment insurance program will expire. and of course that higher tax rate on upper income households. >> a lot of people will be without those job rest benefits. >> and if you look at all the stimulus that's been provided since the recession hit will, part of that is emergency unemployment insurance. yeah. so that's been a big part of it. it is winding down because unemployment in the united states is declining. and people have run out of time. >> how important was the ability to raise the debt limit without hitting the ceiling constantly? >> the de
>> i think most people aren't focused on this, the payroll tax holiday will expire, so that's a 2% tax increase. but i don't think most people even realize they got the tax cut and it's one of the reasons why it will go away because policymakers aren't getting any credit for it. >> so if we they mathematically it will be a hit to gdp, is it going to be something that the economy gets knocked off course is this>> i think the final deal will have fiscal drag in it. the...
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the plan would generate $800 billion in into tnew tax revenu leaves the bush era tax cuts in place for everyone. it would cut $1.2 billion in discretionary planning. it raises the eligibility anyone for medicare and changes how cost of living increases can calculated. house officials suggest the two side where is continue to negotiate ways to avoid the year end fiscal cliff. and on that team, the president will meet with a group of u.s. governors. they'll discuss possible solutions to the fiscal cliff and how it will impact their states. the group is also expected to meet with house republicans later in the week. in corporate new, sprint nextel is reportedly out of the market for metro pcs. the company won't make a counteroffer. sprint announced japan and he softbank will buy up to a 70% stake in the company. reports suggest sprint believes going after metro pcs would complicate the regulatory review of the softbank deal. sprint stock in frankfurt up just a third of 1%. and service capital reportedly in talks to join the bid for night capital. it would include silver lake partners and
the plan would generate $800 billion in into tnew tax revenu leaves the bush era tax cuts in place for everyone. it would cut $1.2 billion in discretionary planning. it raises the eligibility anyone for medicare and changes how cost of living increases can calculated. house officials suggest the two side where is continue to negotiate ways to avoid the year end fiscal cliff. and on that team, the president will meet with a group of u.s. governors. they'll discuss possible solutions to the...
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tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately d
tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic...
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if you're watching the main stream media, it's about tax, tax, tax, tax. why are we taxing so much? because we really do have a spending problem. >> steve: or a deep hole. >> brian: i thought it was interesting. does geithner ever speak and make you feel better? all he does is -- i have a sense that it's something terrible is about to happen. having said that and this communication ability aside, i'm stunned to see him playing politics. he's flat out playing politics. he added if the president doesn't get his own way and get the power action undependentsed power to raise the debt limit and take it away from congress, that's also a nonstarter. since when is getting into that and saying if we don't raise taxes on the top 2%, we're never going to have a deal. really? doesn't he know the math? we all know the math. this is like throwing a nickel into the ocean. $85 billion on an annual deficit that's over a trillion dollars in debt. he's the money guy! how could he possibly trot out there -- i could see axelrod and david plouffe, but the treasury secretary knows it's not going to mean a
if you're watching the main stream media, it's about tax, tax, tax, tax. why are we taxing so much? because we really do have a spending problem. >> steve: or a deep hole. >> brian: i thought it was interesting. does geithner ever speak and make you feel better? all he does is -- i have a sense that it's something terrible is about to happen. having said that and this communication ability aside, i'm stunned to see him playing politics. he's flat out playing politics. he added if...